16%/18% interest & a $25 Mil CR on successful appeal decision (at hopefully a greatly higher SP).
Wow these are credit card rates when money is cheap to borrow. Obviously AJL is seen as very high risk.
No way in hell to get positive cash flow to cover this in the foreseeable future. I guess a sell off of some of the UK assets BUT is that allowed as they are already security against borrowing. Only other option is more CR which will kill us if SP is not much higher.
The SP is going to have to get a rocket under it on a successful decision to get out from under this.
Do or die stuff.
Interesting low volume finish at 21c today. It would be nice if that was the end of supply under 20c but I doubt it.
.
Ann: AJ Lucas signs secured bond financing term sheet-AJL.AX, page-2
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.254M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 108382 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 1458433 | 8 |
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| Last trade - 16.21pm 31/07/2025 (20 minute delay) ? |
| AJL (ASX) Chart |
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